/biz/ - Business & Finance

I can't believe how early we are bros. Seriously, we are fucking pioneers in a major economic revolution. In a couple of years people will be talking about those who got in at these prices and wondering what it is like to be them, and get mad at themselves for having lacked the vision. We are those people, let that sink in.

*moons violently*

>>25706505
I see what happened here. The price was probably lower when you sold. What I do is sell when the price is higher, that way I gaint eth.

Guys we are close to jump starting this machine back into motion. Recall the huge fomo into the STA/wSTA pool when it first launched because the APY numbers were so insanely high. The end game is to have that fomo for the entire STA ecosystem, attracting buyers like moth to flame. We literally win at that point.

If you are in the tg then try and be more vocal about this. We all want STA to succeed but the above points about the "tragedy of the commons" are valid and hurting the project. Don't rely on the core team to do anything, they are really not that with half the time but since we are this close it doesn't matter. We need to generate more liquidity in the Stanos pool. If we do we journey to the stars.

Holy shit does this mean its alt season?

>>25126213
>All this wSTA bullshit that no one asked for
The gft we didn't even know we wanted, ty based scott

>>24949779
in what way has it flopped?

>>24901411

>>24863334

>>24859098
Can't wait until we see a new ATH
I have to say though, I'll be slowly pooling on the way up this time. Last time I got caught up in the hype, and didn't secure any profits by pooling. I now see the error in my ways and will play it smarter next time

I thought today was the mass pooling event

>>24683721
>>24683764
Now we can talk about STA’s utility: why would people demand STA? What does it do?

Balancer gives back a return of 1% of total transaction volume that happened from all the rebalancing. That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:

Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return a scam because they were THAT high, but it has nothing to do with scams… it is actually STA’s genius.

A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.
Remember, rebalancing does not ONLY happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price too (which by the way means more STA is burnt).

The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.

No

>>24580684
Based threads are back finally

>>24564726

Make sure you fud fags buy the very peak of the massive green dildo that's coming, since paying 10x more is "bullish".

>>24508511
>op participates in his own thread
>REEEEEEE THIS IS BAD
Get out of of here, little piggu.

>>24488709
Thank you, fren. Whatever helps you justify your actions.